Deep Sea, Coastal, and Great Lakes Market Report 2025

This Deep Sea, Coastal, and Great Lakes market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The deep sea, coastal, and great lakes market size has grown strongly in recent years. It will grow from $594.12 billion in 2024 to $630.33 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to global trade and economic growth, commodity transport, maritime infrastructure development, manufacturing and consumer goods.

The deep sea, coastal, and great lakes market size is expected to see steady growth in the next few years. It will grow to $759.68 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to digitalization and automation, resilience and climate change mitigation, supply chain diversification, maritime safety and security. Major trends in the forecast period include alternative fuels and energy transition, emission reduction and sustainability, digitalization and automation, port infrastructure expansion.

Water transportation service providers are increasingly integrating sensor technologies into their operations to enable remote monitoring of various ship locations. Sensors, which are devices capable of detecting and responding to different environmental inputs, such as light, heat, motion, moisture, or pressure, are strategically deployed across remote areas of ships. These sensors autonomously gather data and transmit it in real-time to the central control room. This data collected by sensors plays a crucial role in enhancing ship maintenance, including condition monitoring and condition-based maintenance practices. Notably, companies like NoraSens and Silicon Radar are actively involved in manufacturing sensors specifically designed for ships.

The increasing demand for goods and commodities is expected to drive the growth of the deep sea, coastal, and Great Lakes transportation market in the future. Goods, which are tangible products produced or extracted for use or consumption, and commodities, which are basic goods interchangeable with others of the same type, require constant transportation. Deep sea, coastal, and Great Lakes transportation methods are crucial for moving a wide array of goods and commodities over long distances. For example, in November 2024, the Department for Business & Trade, a UK-based government agency, reported that the OECD projects the volume of the UK's exports of goods and services to grow by 0.6% in 2024, with a further 1.9% increase expected in 2025. As a result, the rising demand for goods and commodities is fueling the growth of the deep sea, coastal, and Great Lakes transportation market.

Major companies operating in the deep sea, coastal, and great lakes transportation industry are actively pursuing innovative, environmentally friendly, and sustainable shipping practices to ensure reliable services for their customers. These include the development of carbon-neutral ships, which are vessels designed to produce zero net greenhouse gas emissions. As an example of such efforts, in September 2023, Mærsk A/S, a Denmark-based shipping and logistics company, introduced the Laura, a container ship powered by bio-methanol. Laura is a compact version equipped with a dual-fuel engine capable of transporting 2,136 20-foot (TEU) containers. The adoption of such eco-friendly technology in the Laura results in a significant daily reduction of approximately 100 tons of CO2 emissions when compared to a similar ship operating on traditional fuel oil. This demonstrates the industry's commitment to sustainable and environmentally responsible transportation practices.

Major companies operating in the deep sea, coastal, and great lakes market include AP Moller - Maersk A/S, China Ocean Shipping Company Limited, Cargill Incorporated, CMA CGM S.A., Hapag-Lloyd AG, Evergreen Marine Corp, K-Line, Hyundai Merchant Marine Co. Ltd., Nippon Yusen, Kuehne + Nagel International AG, Mediterranean Shipping Company SA, Carnival Corporation, Seacor Holdings Inc., Crowley Maritime Corporation, Matson Inc., American President Lines, Ltd., Maersk Line, Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings Ltd., Princess Cruises, Celebrity Cruises, Holland America Line, MSC Cruises, Crystal Cruises, Silversea Cruises, Regent Seven Seas Cruises, Oceania Cruises, Azamara Cruises, Viking Cruises, Hurtigruten.

Asia-Pacific was the largest region in the deep sea, coastal, and great lakes transportation market in 2024. Western Europe was the second largest region in the deep sea, coastal, and great lakes transportation market. The regions covered in the deep sea, coastal, and great lakes transportation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the deep sea, coastal, and great lakes market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

Deep sea, coastal, and great lakes transportation encompass various methods of maritime transportation that involve traversing oceans, coastlines, seas, and the great lakes to transport goods and cargo from one location to another using watercraft like ships, barges, and boats.

The primary categories within the deep sea, coastal, and great lakes transportation market include deep-sea transport and coastal and great lakes transport. Deep-sea transport pertains to the shipping of goods on international routes, involving long-distance journeys across oceans, as opposed to short-sea shipping, which typically covers relatively shorter distances. Additionally, the market is categorized by application, distinguishing between onshore and offshore transport.

The deep sea, coastal, and great lakes market research report is one of a series of new reports that provides deep sea, coastal, and great lakes transportation market statistics, including deep sea, coastal, and great lakes transportation industry global market size; regional shares; competitors with a deep sea, coastal, and great lakes transportation market share; detailed deep sea, coastal, and great lakes transportation market segments; market trends and opportunities; and any further data you may need to thrive in the deep sea, coastal, and great lakes transportation industry. This deep sea, coastal, and great lakes transportation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The deep sea, coastal, and great lakes transportation market includes revenues earned by entities by providing transportation service for goods that are being delivered to short-distance destinations. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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